Global Metalworking Fluid Additives Market Outlook Till 2020 1 | Page 3

The main factors owing to the growth of this industry include green field projects and increase
in the demand of important sectors like energy, manufacturing, process, and metals. Another
important reason for the rise in MWF additives industry is the protection of the metals from
rust and corrosion. New additives are being invented for this purpose. While there are many
different components and additives in the industry, the classification of fluids is based on the
ratio of oil present in the fluid. The segmentation includes the following classes; straight oils or
neat oils, which are not mixed with water. Second class is water soluble oils, followed by
synthetic and semi synthetic oils.
The metalworking fluids market has been segmented into by type, properties, application and
geography exclusively. Based on the types of additives commercially available, the market is
categorized in to various categories such as Emulsifiers, Lubricity agents, Corrosion inhibitor,
Extreme Pressure Additives, Biocides and others. Each type varies greatly and the composition is
different with different technical specifications. The major chemicals being used in this industry
are sulphurized or chlorinated compounds, fatty acids, esters polyamides and many more.
Metalworking fluids are being used in different applications. For instance, aerospace and
automotive forms the major segment. Other than these the key user segments include firearms
and defense equipment, oilfield equipment, electronic tools and others. The metalworking fluid
additives market has also been segmented based on the properties these additives possess. The
major ones include, cutting and grinding fluids, followed by forming fluids and protective fluids.